Ohio § 2127.27 Additional bond before sale

Ohio Statutes

§ 2127.27 — Additional bond before sale

Ohio § 2127.27

Title 21Courts-Probate-Juvenile

Ch. 2127Sale Of Lands

This text of Ohio § 2127.27 (Additional bond before sale) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 2127.27 (2026).

Text

Upon the return and approval of the  appraisement provided for by section2127.22of the Revised Code,  the court shall require the executor, administrator, or guardian  to execute a bond with two or more personal sureties, or one or  more corporate sureties, whose qualifications shall be those  provided by section2109.17of the Revised Code. The bond shall be  payable to the state in an amount that the court considers  sufficient, having regard to the amount of real property to be  sold, its appraised value, the amount of the original bond given  by the executor, administrator, or guardian, and the distribution  to be made of the proceeds arising from the sale. The bond shall  be conditioned for the faithful discharge of the executor's,  administrator's, or guardian's duties and the payment 

Free access — add to your briefcase to read the full text and ask questions with AI

Upon the return and approval of the appraisement provided for by section2127.22of the Revised Code, the court shall require the executor, administrator, or guardian to execute a bond with two or more personal sureties, or one or more corporate sureties, whose qualifications shall be those provided by section2109.17of the Revised Code. The bond shall be payable to the state in an amount that the court considers sufficient, having regard to the amount of real property to be sold, its appraised value, the amount of the original bond given by the executor, administrator, or guardian, and the distribution to be made of the proceeds arising from the sale. The bond shall be conditioned for the faithful discharge of the executor's, administrator's, or guardian's duties and the payment of, and accounting for, all moneys arising from the sale according to law. The bond shall be additional to that given by the executor, administrator, or guardian at the time of appointment. If the court finds the amount of the original bond given by the executor, administrator, or guardian is sufficient, having regard for the amount of real property to be sold, its appraised value, and the distribution to be made of the proceeds arising from the sale, the giving of additional bond may be dispensed with by order of the court. The bond shall be given in the court from which the executor, administrator, or guardian was appointed.

If the action to obtain authority to sell real property is pending in another court, the latter shall proceed no further until there is filed in that court a certificate from the court in which the executor, administrator, or guardian was appointed, under its seal, that the bond has been given or that the original bond is sufficient. This section does not prevent the court in an action to sell real property from ordering the sale of that real property without bond in cases where the testator had provided by the testator's will that the executor need not give bond.